Analysts see KKR-led STT GDC deal accelerating Singtel’s push to digital infrastructure

[SINGAPORE] A S$6.6 billion deal led by private equity giant KKR, alongside Singtel, to acquire Singapore-based ST Telemedia Global Data Centres (STT GDC) is expected to propel the telco to a top-tier position in the Asia-Pacific data centre space.

It also positions Singtel for future growth and accelerates the group’s push towards digital infrastructure as a core growth engine.

The deal was announced by Singtel in a bourse filing on Wednesday (Feb 4); KKR and Singtel will acquire the remaining 82 per cent stake that they do not own from STT GDC’s parent company, ST Telemedia.